Fitzalan House Veterinary Group provides a wide-range of medical and surgical expertise. The main centre is based in Littlehampton and offers diagnostic, emergency, medical, surgical and hospitalisation facilities. The group also has numerous clinics in the neighbouring areas that provide consultancy only services. A total of £638,000 was spent to purchase each of the qualifying properties.
Capital allowances uncovered
Unlocked in total tax savings
Cash rebate (after fees)
What owner Mr Kingsbury said . . .
“We were delighted to find that previously unclaimed allowances led to such significant tax savings. The team were polite, fast, efficient and easy to work with. We really appreciate their assistance in this matter.”
Overview of the claim
The owner of Fitzalan Veterinary Group was introduced to Zeal through Vet Share. Initially the owner had believed that all embedded capital allowances had been claimed for on his properties through a well-known competitor provider. Following further investigations by our team, it was revealed that a claim had only been completed on one of his five eligible properties. Already familiar with the process, the owner quickly gave the green light to proceed. One of our in-house surveying specialists completed a technical survey on the properties that had been missed to identify the full scope of qualifying expenditure in each building.
Qualifying expenditure acquired with the purchase of the property included electrical, heating, water and ventilation systems, kitchen fixtures, toilet facilities, disposal and sanitary installations, ironmongery, fire and lighting protection and telecommunications. Nearly £109k was uncovered in unclaimed allowances which generated almost £49k in tax savings. The owner’s upcoming tax bill was also reduced by over 70% in addition to an immediate cash repayment of more than £12,500.
We bring our specialist knowledge to the sector through our associate partnership with Vetshare, a buying group which provides services to independent vets, animal charities and institutions within the veterinary sector.